Failed Bank Information

Information for Bank of Honolulu, Honolulu, HI

I. Introduction

On October 13, 2000, Bank of Honolulu was closed by the State of Hawaii Department of Commerce and Consumer Affairs, and the Federal Deposit Insurance Corporation (FDIC) was named Receiver. As Receiver, the FDIC is charged with winding up the business affairs of the failed financial institution. This includes the disposition of assets and liabilities of the failed financial institution and payment of dividends to approved creditors in order of priority.

The FDIC, as Receiver, has taken all necessary actions to conclude the affairs of the failed financial institution, made all dividend distributions as required by law and the receivership estate is deemed terminated.

II. Press
Release

The FDIC has issued a press release about the institution's closure. If
you represent a media outlet and would like information about the closure,
please contact the FDIC Public Affairs Office at (202) 898-6993.

III. Acquiring
Financial Institution

All insured deposit accounts were transferred to Bank of the Orient,
Honolulu, HI and were available as usual during regular business hours at the
former Bank of Honolulu branches. You may contact Bank of the Orient at: